What are the day to day operations of this route?
To summarize, you will deliver product to existing accounts that include grocery stores and cash accounts usually starting in the morning hours. Your responsibilities will include the following: evaluate and create an order of product needed for the shelf, pull the order from your inventory, receive the order through the back door, and then fill the order to the shelf.
What are the current average sales for this route?
Currently this route averages $9,156 per week or $476,140 per year. Documentation will be provided to all serious buyers.
How do I get paid?
As an independent distributor you are paid by commission. Commission varies depending on the items sold. This route currently receives an average of 17.5% of its gross weekly sales of $9,156 ($1,602 per week).
How much can I make?
$1,602 per week is the routes weekly average, or a gross of $83,416 per year! This number can be increased, by supporting the company’s promotions and up selling within your designated territory. Route values can also be increased by new stores opening, new product lines being added, and simple inflation. Distributor acknowledges plenty of growth opportunity for new accounts in this territory.
Can I finance the route?
Yes, Snyder’s-Lance will finance an estimated $82,400 for 10 years at an estimated interest rate of 8.5%. Additional requirements include a minimum 600 credit score (if financing). The remaining balance you will have to put down in the form of a certified cashier’s check. If more financing is needed you can review additional Financing Options Here.
What are my expenses and overhead?
Expenses include, but are not limited to: route payment (if you finance), fuel, stale or damaged product, vehicle repairs, computer and insurance (Note: route payments vary for each distributor, depending on how much money you put down verses how much you finance). The current owner estimates $235 per week or $12,220 per year in expenses/overhead (does not include the route payment if you finance).
What type of insurance do I need?
Typically a single owner operator of a route distributorship will need commercial insurance for their delivery vehicle and business liability insurance. Owners with multiple employees will need a multiple vehicle policy and worker’s compensation. Routes For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
What type of vehicle do I need?
There is a 1996 Chevrolet Box Truck included with this sale! Estimated value of $4,500. Common delivery vehicles used for this type of business are box trucks or trailers. When considering an additional truck purchase, Routes For Sale recommends MAG Trucks.
What is the Gross vs the Net income?
The gross income for the route is $83,416 per year, minus your $12,200 estimated yearly operating expenses as mentioned above gives you the net of $71,216 per year!
How does the selling price of the route get determined?
All route sales are determined by a ratio based on a weekly sales average. The selling price of this route is $164,800 based on a weekly sales average of $9,156; you come up with a selling ratio of less than 18:1.
Do I have to pay for inventory or purchase product up front?
No, you do not have any upfront or out of pocket expenses when purchasing your inventory (inventory is carried from week to week). However, you are responsible for any inventory that is not sold on a weekly basis. Any inventory carried over to the following week will be credited to the following weeks sales/commission.
Do I have to sign a contract?
Yes, as an independent distributor you sign a service agreement to represent Snyder’s-Lance. In turn the company agrees to promote and assist you in growing your business. The contract is to protect both the company and its distributors.
Why is the distributor selling?
Owner is pursuing other business interests.
Where is the warehouse located?
Product is picked up in Charlotte, NC.
How many accounts does the route have?
The route consists of roughly 6 accounts that include: 4 Harris Teeters, a Food Lion and a Publix.
How long has the seller owned the route?
Current owner has owned a route through Snyders-Lance for 2 and a half years.
Do I get paid full commission when something goes on sale?
During promotions the distributor contributes 17% of the promotion allowance and the company assumes the remaining 83%.
How many days a week, and what hours do distributors work?
The current distributor works 5 days a week, taking Wednesday’s and Sunday’s off. Service hours for most accounts range from 5am-2pm.
What about vacation time or personal days?
As an independent distributor/business owner you are responsible for servicing the route. In most cases there is a qualified “go to” person who is familiar with the company’s routes through networking with other distributors. Another option is to hire or train someone for additional time needed off.
What is required in order to qualify for purchase?
Typically, most company routes or distributorships will require you to attend an interview for approval from the company, background check, and in most cases require the buyer to form some type of entity such as an LLC or Corporation. This not only protects the company, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
Snyder’s-Lance merged making them the second largest salty snack producer in the country! The company continues to be aggressive promoting growth and adding new product lines… High income producing routes don’t last long! Priced at $164,800 and financing offered with $82k down! Contact Us About This Route Here!
How can I learn more about these type of routes?
In order to provide New Buyers with as much information as possible we have put together a quick overview of the industry. Learn More About Snyders-Lance Routes Here! For additional Consulting Services with one of our route specialists Request A Consultation Here.